We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
KLA (KLAC) Exceeds Market Returns: Some Facts to Consider
Read MoreHide Full Article
In the latest close session, KLA (KLAC - Free Report) was up +2.01% at $1,428.19. This move outpaced the S&P 500's daily gain of 0.16%. Elsewhere, the Dow gained 0.17%, while the tech-heavy Nasdaq added 0.26%.
Shares of the maker of equipment for manufacturing semiconductors witnessed a gain of 17.26% over the previous month, beating the performance of the Computer and Technology sector with its loss of 0.85%, and the S&P 500's gain of 1.89%.
The upcoming earnings release of KLA will be of great interest to investors. It is anticipated that the company will report an EPS of $8.75, marking a 6.71% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $3.24 billion, up 5.39% from the year-ago period.
KLAC's full-year Zacks Consensus Estimates are calling for earnings of $35.44 per share and revenue of $13.04 billion. These results would represent year-over-year changes of +6.49% and +7.31%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for KLA. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.06% rise in the Zacks Consensus EPS estimate. KLA currently has a Zacks Rank of #2 (Buy).
Looking at valuation, KLA is presently trading at a Forward P/E ratio of 39.51. This represents a premium compared to its industry average Forward P/E of 24.13.
Also, we should mention that KLAC has a PEG ratio of 3.73. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Electronics - Miscellaneous Products industry held an average PEG ratio of 1.71.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 99, finds itself in the top 41% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
KLA (KLAC) Exceeds Market Returns: Some Facts to Consider
In the latest close session, KLA (KLAC - Free Report) was up +2.01% at $1,428.19. This move outpaced the S&P 500's daily gain of 0.16%. Elsewhere, the Dow gained 0.17%, while the tech-heavy Nasdaq added 0.26%.
Shares of the maker of equipment for manufacturing semiconductors witnessed a gain of 17.26% over the previous month, beating the performance of the Computer and Technology sector with its loss of 0.85%, and the S&P 500's gain of 1.89%.
The upcoming earnings release of KLA will be of great interest to investors. It is anticipated that the company will report an EPS of $8.75, marking a 6.71% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $3.24 billion, up 5.39% from the year-ago period.
KLAC's full-year Zacks Consensus Estimates are calling for earnings of $35.44 per share and revenue of $13.04 billion. These results would represent year-over-year changes of +6.49% and +7.31%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for KLA. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.06% rise in the Zacks Consensus EPS estimate. KLA currently has a Zacks Rank of #2 (Buy).
Looking at valuation, KLA is presently trading at a Forward P/E ratio of 39.51. This represents a premium compared to its industry average Forward P/E of 24.13.
Also, we should mention that KLAC has a PEG ratio of 3.73. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Electronics - Miscellaneous Products industry held an average PEG ratio of 1.71.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 99, finds itself in the top 41% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.